Hyposcout has commenced operations. It offers a platform that puts investors and borrowers in contact with each other. According to a statement, Hyposcout is the first Swiss peer-to-peer platform to give investors credit security with real security. This protects investors in case of a debt default and gives them a right to their share.
Borrowers will also benefit from the start-up’s offering. Hyposcout claims to offer more attractive conditions than banks. “We receive many requests from borrowers who have just missed out on securing credit from a bank due to tightened over-regulation – although they were able to prove they had enough equity and a sufficient income,” commented CEO Jean-Pierre Pfenninger, who previously spent more than ten years working for the Zurich private bank Julius Bär. He explained that the new platform was particularly suited to these types of borrowers.
In its first phase, the new start-up plans to concentrate on marketing measures and development work. In the long-term it is considering internationalisation.